Private Sector Contributions to Student Aid
November 18, 2008 2:34 pm Grants, Personal and Family ContributionWe know the societal and personal benefits of postsecondary education, but private businesses and corporations also benefit from higher education training. Based on your experience, what are the best ways that the private business sector contribute to college affordability?
- As a stakeholder in higher education, what role do you think private companies can have in financial aid?
- Should they be taking a larger role in helping students pay for college? In what ways?
- Should they help subsidize or repay student loans?
December 4th, 2008 at 10:42 am
I believe this is a great question and very timely. As we see many private businesses along with government re-inventing their approach to how, what, why, they conduct business, I believe such change should be addressed in both enrollment retention, financial aid, and institutional advancement in higher education. No longer can the funding induced extremities of colleges and universities operate separately and/or in silos. There are opportunities to expand the value and community at large benefit with post-secondary education refocusing their business models and strategy when it comes to financial aid and tuition management for long-term impact.
December 9th, 2008 at 11:07 am
I agree with Ken in that businesses should include post-secondary education assistance in their business models and strategies. Offering scholarships and paid internships are a good first step. Let’s start with the auto industry since they are being told to re-do their business models to receive bail-out monies. They should include paid internships for top engineering, business and marketing students (for starters) across the nation to create better products and get these businesses back on their feet.
December 11th, 2008 at 8:42 pm
A few years ago, NASFAA assembled a group of aid administrators to meet in St Louis and brainstorm ways to essentially take student loans apart and start all over again (the white paper is on the website somewhere). One of the most frequent comments was that as employers have a vested interest in the education of their future workforce, they should play a role in these programs, either via funding to either students or programs, loan repayment as an employment benefit, or other ways.
Our current economic climate might not be awfully conducive to that, but we shouldn’t give up on this idea. Young people joining the workforce might be helped out more by assistance with loan repayment than by 401K contributions from their employers, for instance.
May 3rd, 2010 at 10:56 am
Вы не правы. Я уверен. Давайте обсудим это. Пишите мне в PM, поговорим….
продавец печатной продукции We know the societal and personal benefits of postsecondary education, but private businesses and corporations also benefit from higher education training….